The first wave of free agency is in the books, and the majority of the transactions that will be made have already been signed and sealed.

It's time to look at some of the most underrated and overrated deals made throughout the league so far, based largely on Pro Football Focus' grades and statistical analysis but with some subjective context applied to account for things like age and injury history.

Insider

To find out which free-agent signings Pro Football Focus says are the most overrated and underrated so far, become an ESPN Insider today.